Item 13 - Quarterly Report for Housing Division Projects and Activities

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May 7, 2024 Page 1 City of Santa Ana – Quarterly Report Third Quarter of FY 2023-24 JANUARY – MARCH 2024 Housing Division Quarterly Report Each quarter, the City of Santa Ana (City) provides a detailed summary of the different projects and activities undertaken the previous quarter. This Housing Division Quarterly Report (Quarterly Report) for the quarter ending on March 31, 2024 (Q3), provides information for all of the affordable housing projects and activities for the City’s Housing Division. The report is divided into seven sections: •Loan Activity •Loan Portfolio Management & Monitoring •Density Bonus Agreements •Development Impact Fee Deferral Agreements •Rent Stabilization and Just Cause Eviction Ordinance •Affordable Housing Opportunity & Creation Ordinance •Affordable Housing Development Projects Loan Activity Applications The Housing Division offers several different programs, including down payment assistance for first-time homebuyers and rehabilitation grants for mobile homes and single-family homes. Inquiries are received from the public and applications are mailed out, received and approved for these programs on a continual basis. Table 1 shows the number of inquiries, applications sent out, received and approved by type for the quarter and for the total 2023-24 fiscal year (FY 2023-24): Table 1: Applications Sent Out, Received, & Approved Program Inquiries Applications Sent Out Applications Received Applications Approved Q3 Total FY Q3 Total FY Q3 Total FY Q3 Total FY Residential Rehabilitation Grant Program 0 21 0 21 0 15 0 10 Down Payment Assistance Program 110 213 25 122 5 9 4 11 As illustrated in Table 1, the number of applications received typically falls below the number sent out during any given period. This is primarily due to the stringent program EXHIBIT 1